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XTRA Aerospace, Florida/US based provider of maintenance, repair and overhaul for aircrafts, has been sold to the Wencor Group (US).
cfa Chicago, member of ICFG, advised the seller in 2014.
XTRA Aerospace, Florida/US based provider of maintenance, repair and overhaul for aircrafts, has been sold to the Wencor Group (US).
Target Company Name XTRA Aerospace, Inc.
Deal Types
  • Mergers & Acquisitions
Target Country United States
Buyer Name / MBO Team / MBI Team Wencor Group, LLC
Buyer Country United States
Transaction Description

MIRAMAR, FL and CHICAGO, IL – April 14, 2014: Corporate Finance Associates, Inc., an international investment banking firm providing merger, acquisition and financial advisory services, is pleased to announce that it was the exclusive advisor to XTRA Aerospace, Inc. on its sale to Wencor Group, a portfolio company of Odyssey Investment Partners.

XTRA Aerospace, Inc. (XTRA) is an ISO 9001:2008, FAA/EASA and ANAC certified component repair station located near Miami in Miramar, Florida. The Company provides maintenance, repair and overhaul of Electronic Accessory, Radio, Instrument, Hydraulic, Electromechanical, and Galley components for commercial aircraft. XTRA repairs, services, and sells approximately 20,000 different line items across Airbus, Boeing, Embraer, and Bombardier aircraft families.

XTRA Aerospace further augments Wencor Group’s electrical repair capabilities as it specializes in electrical components throughout the cockpit and interior of commercial aircraft. This strategic combination will enable XTRA to leverage Wencor Group’s PMA and DER capabilities in order to bring additional savings to its broad base of airline and MRO customers.

“We were especially impressed with the incredible number of diverse and qualified suitors procured by CFA,” said Mario Catalano, Co-Owner and VP of Technical Programs at XTRA. “Their experienced, professional staff provided courteous, responsive and personalized service every step of the way.”

“It was truly a pleasure to work with the owners of XTRA and play a role in the history of this remarkable company,” stated Joe Contaldo, Managing Director and Chairman of CFA’s Aerospace & Defense Practice Group. “The professionalism shown by Wencor and Odyssey was world class and they will be a great partner to continue XTRA’s growth going forward.”

About Wencor Group, LLC
Wencor Group manufactures, repairs and distributes aircraft parts for operators, repair stations and manufacturers across the globe. Wencor Group provides CMM and DER repairs for components and piece parts. Wencor Group also distributes a wide variety of aftermarket parts including bearings, seals, hardware, filters, electrical components, lighting and interiors. Wencor Group also provides targeted solutions for both US and foreign militaries. With more than 7000 PMAs and 2000 DER repairs, Wencor Group has PMAs and DERs for all aircraft systems and is adding more daily. Wencor Group offers inventory management programs, kitting and repair management.

About Odyssey Investment Partners
Odyssey Investment Partners, LLC, with offices in New York and Los Angeles, is a leading middle-market private equity firm with more than $4.0 billion under management. Odyssey Investment Partners, LLC primarily makes majority, controlled investments typically in established middle-market companies in a variety of industries.

Industry Sectors
  • Aerospace and Defense
  • Business Services
  • Electrical and Electronic Components
ICFG Office Chicago, United States
ICFG Advisory cfa Chicago, member of ICFG, advised the seller in 2014.

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